• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

a year ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Strategy Accumulates 671,268 Bitcoin Using Financial Tools

chest

Strategy has accumulated 671,268 Bitcoin using various financial tools to provide investors with exposure to Bitcoin.

user avatarKofi Adjeman

Elon Musk anticipates a growth rate in the US economy that will reach double digits.

chest

Billionaire Elon Musk predicts double-digit growth for the US economy within 12 to 18 months, potentially reaching triple-digit growth in five years, linked to advancements in applied intelligence.

user avatarAyman Ben Youssef

Michael Saylor Discusses Bitcoin as a Hard Asset at MENA Conference

chest

Michael Saylor discusses Bitcoin as a hard asset at the MENA conference, comparing it to crude oil and emphasizing its potential impact on financial markets.

user avatarTando Nkube

Floyd Mayweather's Strategic Shift to Real Estate

chest

Floyd Mayweather transitions from boxing to real estate with a significant $402 million investment in New York City, partnering with established firms.

user avatarRajesh Kumar

Ghana Legalizes Cryptocurrency Trading with New Legislation

chest

Ghana has officially legalized cryptocurrency trading with the passage of the Virtual Asset Service Providers Bill, establishing a regulatory framework for digital asset service providers.

user avatarNguyen Van Long

Mayweather's Real Estate Investments Reflect Financial Strategy

chest

Floyd Mayweather's recent ventures into real estate reflect a calculated financial strategy aimed at achieving stable returns amid economic shifts.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.